McAlister’s Deli is a fast casual restaurant with a brand new 12 year Absolute NNN lease, 8.0% rental escalations every 4 years and two 5 year renewal options. The tenant, Southwest Deli Group, Inc., has 31 locations with 4 restaurants under constructions. This is a high volume location, doing well above the national average in sales with an attractive 6.80% rent-to-sales ratio!
The subject property is located in Carlsbad, New Mexico, and is a pad site to Carlsbad Mall – a 34,364 SF shopping center anchored by Bealls and Big 5 Sporting Goods. McAlister’s is also adjacent to Carlsbad Medical Center and within 1 mile of New Mexico State University – Carlsbad. Nearby retailers include Lowe’s Home Improvement, Jenkins Home Center, Hibbett Sports, Ross Dress for Less, Dollar Tree, Dollar General, Family Dollar, Walgreens, Allen Theatres, etc.
*In Association With: Richard Hanna | Hanna Commercial LLC | License #9158